First Merchants Corp Sells 20,000 Shares of Alerian MLP ETF $AMLP

First Merchants Corp reduced its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 51.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,087 shares of the exchange traded fund’s stock after selling 20,000 shares during the period. First Merchants Corp’s holdings in Alerian MLP ETF were worth $933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AMLP. Auour Investments LLC lifted its stake in shares of Alerian MLP ETF by 1.2% in the 1st quarter. Auour Investments LLC now owns 18,171 shares of the exchange traded fund’s stock valued at $877,000 after purchasing an additional 223 shares during the period. Fountainhead AM LLC lifted its stake in shares of Alerian MLP ETF by 4.1% in the 1st quarter. Fountainhead AM LLC now owns 5,798 shares of the exchange traded fund’s stock valued at $301,000 after purchasing an additional 227 shares during the period. NBC Securities Inc. lifted its stake in shares of Alerian MLP ETF by 1.1% in the 2nd quarter. NBC Securities Inc. now owns 21,543 shares of the exchange traded fund’s stock valued at $1,052,000 after purchasing an additional 237 shares during the period. AE Wealth Management LLC lifted its stake in shares of Alerian MLP ETF by 7.3% in the 1st quarter. AE Wealth Management LLC now owns 3,622 shares of the exchange traded fund’s stock valued at $188,000 after purchasing an additional 246 shares during the period. Finally, Sowell Financial Services LLC lifted its stake in shares of Alerian MLP ETF by 1.5% in the 1st quarter. Sowell Financial Services LLC now owns 17,014 shares of the exchange traded fund’s stock valued at $884,000 after purchasing an additional 250 shares during the period.

Alerian MLP ETF Stock Down 1.5%

AMLP stock opened at $45.64 on Friday. The business’s fifty day moving average is $47.83 and its 200-day moving average is $48.43. The company has a market cap of $10.00 billion, a P/E ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24.

About Alerian MLP ETF

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class.